A transcript is an official copy of a student's academic record. It records all courses successfully and unsuccessfully completed by the student.
You would use an Official Transcript if you need to provide evidence of your University or College academic record to another educational institution, for employment or to apply for scholarships or bursaries.
An Unofficial Transcript may be obtained from your University which can be submitted along with your applications for employment.
In United States education, a transcript (Cumulative Record File, CRF, Permanent Record, or simply Record) is a copy of a student's permanent academic record which usually means all courses taken, all grades received, all honors received and degrees conferred to a student.
In the European ECTS system, transcripts are called Transcript of Records (ToR), and are used to document the performance of a student over a certain period of time by listing the course units or modules taken, the credits gained, and the grades awarded. The Transcript of Records provides a standard format for recording all study activities carried out by students.
Transcripts for Employment
Some employers may request that you submit a transcript along with your résumé or will ask that you bring one with you to the interview. Unless specified, this always means an unofficial transcript. An unofficial transcript for recruitment purposes is a copy of your current transcript, as opposed to an official transcript in its sealed envelope from the University Registrar.